7804 Wawasee DrIndianapolisIN46250
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Indianapolis at 7804 Wawasee Dr, Indianapolis, IN, 46250 priced at $363,400 converts $2,414/mo rent into $183/mo cash flow after a $1,779/mo obligation. Total monthly income equals $2,414/mo, and annual cash flow totals $2,198/yr on $120,467 invested. Return on cash invested prints 21.73% in year one, and rental yield reads 7.97% against a $363,400 entry. Equity gained on principal adds $2,345/yr, while 5% annual appreciation compiles into $100,401 by year five. Five-year ROI reaches 112.58% and total cumulative return in cash sums $135,621. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,414/mo property income covering a $1,779/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46250, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,669 (100%) |
| Owner Occupied HU | 4,223 (39.6%) |
| Renter Occupied HU | 5,500 (51.6%) |
| Vacant Housing Units | 946 ( 8.9%) |
| Median Home Value | $314,172 |
| Average Home Value | $358,341 |
Housing Distribution
Address Breakdown
Residential
9,925
Single Family
5,554
Multi-Family
4,371
Businesses
1,755
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